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essendon north
3041, Victoria
Real Estate & Property Information
Median
Price Rank 129
Price Rank 129
essendon north Suburb Profile & Review
Essendon North is located in City of Moonee Valley, only 12km from the centre of Melbourne. Windy Hill, the AFL ground that serves as the Essendon Bombers practice oval, is perhaps the area's most iconic local landmark. However, residents also benefit from the presence of two major shopping precincts: Essendon DFO, and a Westfield shopping centre in Airport West. Combined, they boast hundreds of big name retailers and several bustling food courts.
There is one school within the suburb's boundaries, Essendon North Primary School, though there are many highly regarded schools in neighbouring Essendon, including Lowther Hall Anglican Grammar School, Buckley Park College and Penleigh and Essendon Grammar Junior School. There is also a Kangan Institute of TAFE campus which specialises in business management, IT and commerce.
Public transport is incredibly convenient. There are three railway stations on the Craigieburn line, and the route 59 tram from Airport West to Elizabeth Street in the city stops at key points like Essendon North Primary School. Cyclists are big fans of the area due to the proximity of the Maribyrnong River Trail and Moonee Ponds Creek Trail. Both routes are scenic and easy, and riders are often forgiven for thinking they are in the middle of the country.
Invest/Buy/Sell Checklist
Research
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- Property/Suburb Report
- Buyer/Vendor Advocacy
- Finance Strategy & Lending
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Buyer/Vendor Advocacy Enquiry
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Finance Strategy & Lending Enquiry
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Obtain personalised service you can’t find at a bank. Educate yourself about the financial issues involved with buying and selling a property by speaking to a qualified finance broker. They will advise you regarding the best finance options available to you. They can also discuss methods to create wealth and improve your cash-flow.
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Due Diligence
- Ownership Structure
- Property Valuation
- Rental Appraisal
- Sale Contract Review
- Building & Pest Inspection
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Ownership Structure Enquiry
Are you financially structured the right way to invest in property?
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Property Valuation Enquiry
Have you bought your first investment property and don’t know where to start when it comes to management or just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.
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Rental Appraisal Enquiry
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Sale Contract Review Enquiry
Check your Contracts Before Making an Offer
If you are serious about purchasing or selling a property with the least hassle then you should engage the services of a reputable conveyancer or lawyer who specialises in property. Have your contracts looked over before buying your next dwelling, for any possible concerns like easements, titles and any caveats, body corporate rules, zoning and planning potential issues.
What is Conveyancing?
Conveyancing is the term used to describe the way that a title, rights or interest in land is legally transferred from one person to another.
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Building & Pest Inspection Enquiry
Understand the Condition of Your Property Before You Buy
Avoid any nasty surprises before purchasing your property. Request a building and pest inspection report. This report will tell you everything you need to know about the condition of the property, including interior and exterior defects, termite activity and the presence of environmental dangers such as asbestos.
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Post Purchase
- Landlords Insurance
- Depreciation Schedule
- 1. Capital works allowance (Division 43) Takes into account the construction costs of the building itself, such as concrete and brickwork
- 2. Plant and equipment (Division 40) A deduction available for removable assets identified by the ATO that depreciate at a faster rate than the building eg carpet, dishwasher, blinds, ovens.
- Removalist
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Landlords Insurance Enquiry
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Buying an investment property for the first time? Concerned about tenants damaging your property, rental loss or losing your job and being unable to pay your mortgage?
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Depreciation Schedule Enquiry
What is a Depreciation Schedule?
A depreciation schedule of your investment prepared by a Quantity Surveyor for the purpose of claiming against your taxable income. There are two main elements taken into account when preparing this report.
Tax Depreciation Calculator
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Removalist Enquiry
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Take the stress out of relocating by getting in touch with an efficient and qualified removalist team. Professional removalists can help you with packing, loading and unloading during your local or interstate move.
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Adding value
- Planning & Permits
- Trades
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Planning & Permits Enquiry
Find Out Whether Your Property Has Development Potential
Would you like to find out whether your property is subdividable and if you can increase the value of your property by obtaining plans and permits? Or you are looking to extend or renovate your new purchase and need plans and permits?
Our property development experts review whether your property is suitable for development. They carry out the due diligence on the development potential of your property, look at the options available to you (fully costed and assessed), discuss a development strategy, prepare plans to submit to a town planner and local council, and work through applications to achieve town planning approval.
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Trades Enquiry
Find a Qualified Local Tradesperson
Finding a qualified and reputable local tradesperson can be a hassle, whether you’re looking for an electrician, carpenter, plumber, builder, handyman, gardener or carpet cleaner. Be connected with the right tradesperson today.
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essendon north Demographic Data
$ 660,000 Median House Price
18 Minutes Average Commute
39 Median Age
2,289 Population
51.03 % Female
48.97 % Male
What this means
The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in essendon north, Victoria.
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essendon north Demographic Data
The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.
It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.
What this means
Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.
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essendon north 5 Year Median House Prices
Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in essendon north have performed, and it usually indicates how they will perform in the future.
Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term essendon north property price predictions.
essendon north Market Property Types
- 47 % Seperate House
- 14 % Semi Detached
- 39 % Flat or Unit
- 0 % Other Dwelling
What this means
The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.
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essendon north Market Property Types
Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.
This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.
essendon north Income & Mortgage Stats
- $ 1,270 Median Weekly Household Income
- $ 1,950 Median Monthly Mortgage
What this means
This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in essendon north
Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.
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essendon north Income & Mortgage Stats
To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%
Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.
essendon north Sold Property Prices
18 GILLIES STREET
8/92 Kerferd Street
2/18 Treadwell Road
10a Salisbury Street
21 Ronald Street
2/13 O'Shannassy Street
essendon north Real Estate Experts
In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.
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- Natalie Drazic
- Barry Plant
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- Richard Lowe
- Nelson Alexander
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- Laura Crawley
- Brad Teal Real Estate
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essendon north Related Local Blog Posts
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essendon north Restaurants
- Tookaiya Japanese Restaurant314 Keilor Rd essendon north VIC 304103 9374 3099
- China Max6 Keilor Rd essendon north VIC 304103 9374 1988
essendon north Cafes
- Hollie's CafeHargrave Avenueessendon north VIC 304103 9379 7510
- The Coffee ClubBulla Roadessendon north VIC 304103 9379 6686
essendon north Schools
- Essendon North Primary School12 Keilor Rdessendon north VIC 3041(03) 9379 3979State Primary School
essendon north Kindergarten and Preschools
- North Essendon KindergartenMcCulloch Stessendon north VIC 3041
essendon north Sporting Centres and Clubs
- Doutta Gallaessendon north VIC 3041Tennis Club & Courts
essendon north Retirement Villages
- Royal Av Retirement Lodgeessendon north VIC 3041
- Trevi Courtessendon north VIC 3041
essendon north Vets
- Moonee Valley Vet Clinicessendon north VIC 3041
Find out How Much your House is Worth in essendon north
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